Mission and Focus On Women
The mission of FINCA International is to provide "financial services to the world's lowest-income entrepreneurs so they can create jobs, build assets, and improve their standard of living". Today, FINCA's mission reaches out to over 900,000 clients worldwide.
The premise of its mission is to have a systematic and generational impact on poverty by making business loans available to poor women on a massive scale. According to Rupert Scofield, FINCA's President and CEO, "women have historically proved to be better credit risks, as they tend to be more responsible, perhaps from having to take care of the children. And frankly, they tend to be more creative and risk-taking than the men. Because they manage the household money, they know where the returns are in the marketplace on any given day."
In the microfinance industry, FINCA is known for reaching the very poorest market segments, particularly women. As of December 2008, women comprised 70 percent of its small loan clients.
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Famous quotes containing the words mission, focus and/or women:
“We never can tell how our lives may work to the account of the general good, and we are not wise enough to know if we have fulfilled our mission or not.”
—Ellen Henrietta Swallow Richards (1842–1911)
“No other group in America has so had their identity socialized out of existence as have black women.... When black people are talked about the focus tends to be on black men; and when women are talked about the focus tends to be on white women.”
—bell hooks (b. c. 1955)
“The particular source of frustration of women observing their own self-study and measuring their worth as women by the distance they kept from men necessitated that a distance be kept, and so what vindicated them also poured fuel on the furnace of their rage. One delight presumed another dissatisfaction, but their hatefulness confessed to their own lack of power to please. They hated men because they needed husbands, and they loathed the men they chased away for going.”
—Alexander Theroux (b. 1940)